X0306 4 2012-09-27 0 0001071264 JACKSONVILLE BANCORP INC /FL/ JAXB 0001505877 CapGen Capital Group IV LP 1185 AVENUE OF THE AMERICAS SUITE 2000 NEW YORK NY 10036 1 0 1 1 See Remarks 0001505878 CapGen Capital Group IV LLC 1185 AVENUE OF THE AMERICAS SUITE 2000 NEW YORK NY 10036 1 0 1 0 0001453863 Ludwig Eugene 1185 AVENUE OF THE AMERICAS SUITE 2000 NEW YORK NY 10036 1 0 1 0 Common Stock, par value $0.01 per share 2010-11-16 4 P 0 2684144 9 A 2684144 I Held by CapGen Capital Group IV LP Series B Preferred Stock, par value $0.01 per share 2012-09-27 4 P 0 5000 1000 A 5000 I Held by CapGen Capital Group IV LP CapGen Capital Group IV LP ("CapGen LP") acquired the shares of Noncumulative, Nonvoting Perpetual Preferred Stock, Series B, $0.01 par value per share (the "Series B Preferred Stock"), of Jacksonville Bancorp, Inc. (the "Issuer") on September 27, 2012. CapGen Capital Group IV LLC ("CapGen LLC") is the sole general partner of CapGen LP. Mr. Eugene A. Ludwig is the managing member of CapGen LLC. CapGen LP directly owns the shares of Series B Preferred Stock on this row. As the sole general partner of CapGenLP, CapGen LLC may be deemed to be the indirect beneficial owner of the shares of Series B Preferred Stock on this row under Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, CapGen LLC disclaims that it is the beneficial owner of such shares, except to the extent of its pecuniary interest. As the managing member of CapGen LLC, Mr. Ludwig may be deemed to be the indirect beneficial owner of the shares of Series B Preferred Stock under Rule 16a-1(a)(2) promulgated under the Exchange Act. Pursuant to Rule 16a-1(a)(4) promulgated under the Exchange Act, Mr. Ludwig disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest. CapGen LP, CapGen LLC and Mr. Ludwig disclaim their status as directors by deputization by virtue of Messrs. John Rose's and John Sullivan's positions as members of the board of directors of the Issuer. /s/ Eugene A. Ludwig as the managing member of CAPGEN CAPITAL GROUP IV LLC, the general partner of CAPGEN CAPITAL GROUP IV LP 2012-09-28